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  • October 9, 2026
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Wuhan XMC’s IPO hits wall: profit shock and China’s new regulatory reality

Wuhan XMC’s IPO hits wall: profit shock and China’s new regulatory reality

Wuhan Xinxin Semiconductor Manufacturing Co. (XMC), a key subsidiary of YMTC, is under growing regulatory scrutiny as its once-promising bid for a STAR Market listing unravels into a drawn-out saga of earnings collapse, mounting depreciation, and tangled related-party dealings, according to reports from CLS, TMTPost, and Caixin.

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